Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss) [Line Items]

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Income (Loss)

The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands):

	Three Months Ended
	September 30, 2020
	Foreign Currency Translation		Unrealized (Loss) Gain on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive Loss from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, July 1, 2020	$	(243,524)	$	(1,994)	$	(29,939)	$	(4,306)	$	(279,763)
Pretax income (loss)	70,178		(19,865)		(34)		—		50,279
Income tax effect	—		4,690		9		—		4,699
Reclassification of unrealized loss	—		20,153		3,794		—		23,947
Reclassification of deferred income taxes	—		(4,756)		(966)		—		(5,722)
Other comprehensive loss from unconsolidated subsidiaries	—		—		—		(3,162)		(3,162)
BALANCE, September 30, 2020	$	(173,346)	$	(1,772)	$	(27,136)	$	(7,468)	$	(209,722)

	Three Months Ended
	September 30, 2019
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, July 1, 2019	$	(181,890)	$	5,987	$	(7,856)	$	(4,794)	$	(188,553)
Pretax (loss) income	(69,440)		28,594		(3,087)		—		(43,933)
Income tax effect	—		(6,739)		782		—		(5,957)
Reclassification of unrealized gain	—		(30,256)		(61)		—		(30,317)
Reclassification of deferred income taxes	—		7,140		13		—		7,153
Disposal of business	(379)		—		—		—		(379)
Other comprehensive income from unconsolidated subsidiaries	—		—		—		1,240		1,240
BALANCE, September 30, 2019	$	(251,709)	$	4,726	$	(10,209)	$	(3,554)	$	(260,746)

	Nine Months Ended
	September 30, 2020
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive Loss from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, January 1, 2020	$	(170,893)	$	5,358	$	(31,934)	$	(3,416)	$	(200,885)
Pretax loss	(3,219)		(23,490)		(34)		—		(26,743)
Income tax effect	—		5,548		9		—		5,557
Reclassification of unrealized loss	—		14,207		6,563		—		20,770
Reclassification of deferred income taxes	—		(3,395)		(1,740)		—		(5,135)
Disposal of business	766		—		—		—		766
Other comprehensive loss from unconsolidated subsidiaries	—		—		—		(4,052)		(4,052)
BALANCE, September 30, 2020	$	(173,346)	$	(1,772)	$	(27,136)	$	(7,468)	$	(209,722)

	Nine Months Ended
	September 30, 2019
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, January 1, 2019	$	(177,597)	$	14,374	$	(8,075)	$	(3,652)	$	(174,950)
Pretax (loss) income	(73,733)		34,769		(3,087)		—		(42,051)
Income tax effect	—		(8,163)		782		—		(7,381)
Reclassification of unrealized (gain) loss	—		(47,431)		229		—		(47,202)
Reclassification of deferred income taxes	—		11,177		(58)		—		11,119
Disposal of business	(379)		—		—		—		(379)
Other comprehensive income from unconsolidated subsidiaries	—		—		—		98		98
BALANCE, September 30, 2019	$	(251,709)	$	4,726	$	(10,209)	$	(3,554)	$	(260,746)

The amounts of unrealized gains and losses on our Cash Flow Hedges reclassified to our Unaudited Condensed Consolidated Statements of Income are as follows (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	Classification	2020		2019		2020		2019
Unrealized (losses) gains on interest rate swaps	Interest expense, net of interest income	$	(2,538)	$	1,459	$	(1,011)	$	4,914
Unrealized gains on cross currency swaps	Interest expense, net of interest income	2,696		4,071		8,043		12,720
Unrealized (losses) gains on cross currency swaps (1)	Other expense (income), net	(20,874)		24,726		(21,802)		29,797
Unrealized gains on foreign currency forward contracts (1)	Other expense (income), net	563		—		563		—
Total		$	(20,153)	$	30,256	$	(14,207)	$	47,431

(1)The amounts reclassified to Other expense (income), net in our Unaudited Condensed Consolidated Statements of Income offset the impact of the remeasurement of the underlying transactions.

Net unrealized losses and gains related to our pension plans were reclassified to Other expense (income), net in our Consolidated Statements of Income during each of the three and nine months ended September 30, 2020 and 2019.

Our policy is to reclassify the income tax effect from Accumulated other comprehensive loss to the Provision for income taxes when the related gains and losses are released to the Unaudited Condensed Consolidated Statements of Income.

Accumulated Other Comprehensive Income (Loss)

The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands):

	Three Months Ended
	September 30, 2020
	Foreign Currency Translation		Unrealized (Loss) Gain on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive Loss from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, July 1, 2020	$	(243,524)	$	(1,994)	$	(29,939)	$	(4,306)	$	(279,763)
Pretax income (loss)	70,178		(19,865)		(34)		—		50,279
Income tax effect	—		4,690		9		—		4,699
Reclassification of unrealized loss	—		20,153		3,794		—		23,947
Reclassification of deferred income taxes	—		(4,756)		(966)		—		(5,722)
Other comprehensive loss from unconsolidated subsidiaries	—		—		—		(3,162)		(3,162)
BALANCE, September 30, 2020	$	(173,346)	$	(1,772)	$	(27,136)	$	(7,468)	$	(209,722)

	Three Months Ended
	September 30, 2019
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, July 1, 2019	$	(181,890)	$	5,987	$	(7,856)	$	(4,794)	$	(188,553)
Pretax (loss) income	(69,440)		28,594		(3,087)		—		(43,933)
Income tax effect	—		(6,739)		782		—		(5,957)
Reclassification of unrealized gain	—		(30,256)		(61)		—		(30,317)
Reclassification of deferred income taxes	—		7,140		13		—		7,153
Disposal of business	(379)		—		—		—		(379)
Other comprehensive income from unconsolidated subsidiaries	—		—		—		1,240		1,240
BALANCE, September 30, 2019	$	(251,709)	$	4,726	$	(10,209)	$	(3,554)	$	(260,746)

	Nine Months Ended
	September 30, 2020
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive Loss from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, January 1, 2020	$	(170,893)	$	5,358	$	(31,934)	$	(3,416)	$	(200,885)
Pretax loss	(3,219)		(23,490)		(34)		—		(26,743)
Income tax effect	—		5,548		9		—		5,557
Reclassification of unrealized loss	—		14,207		6,563		—		20,770
Reclassification of deferred income taxes	—		(3,395)		(1,740)		—		(5,135)
Disposal of business	766		—		—		—		766
Other comprehensive loss from unconsolidated subsidiaries	—		—		—		(4,052)		(4,052)
BALANCE, September 30, 2020	$	(173,346)	$	(1,772)	$	(27,136)	$	(7,468)	$	(209,722)

	Nine Months Ended
	September 30, 2019
	Foreign Currency Translation		Unrealized Gain (Loss) on Cash Flow Hedges		Unrealized (Loss) Gain on Pension Plans		Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries		Accumulated Other Comprehensive (Loss) Income
BALANCE, January 1, 2019	$	(177,597)	$	14,374	$	(8,075)	$	(3,652)	$	(174,950)
Pretax (loss) income	(73,733)		34,769		(3,087)		—		(42,051)
Income tax effect	—		(8,163)		782		—		(7,381)
Reclassification of unrealized (gain) loss	—		(47,431)		229		—		(47,202)
Reclassification of deferred income taxes	—		11,177		(58)		—		11,119
Disposal of business	(379)		—		—		—		(379)
Other comprehensive income from unconsolidated subsidiaries	—		—		—		98		98
BALANCE, September 30, 2019	$	(251,709)	$	4,726	$	(10,209)	$	(3,554)	$	(260,746)